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RECEIVING CASH

RECEIVING CASH. Transaction 1 August 1. Received cash from owner as an investment, $10,000.00. Lesson 1-2, page 9. PAYING CASH. Transaction 2 August 3. Paid cash for supplies, $1,577.00. Transaction 3 August 4. Paid cash for insurance, $1,200.00. Lesson 1-2, page 10.

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RECEIVING CASH

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  1. RECEIVING CASH Transaction 1 August 1. Received cash from owner as an investment, $10,000.00. Lesson 1-2, page 9

  2. PAYING CASH Transaction 2 August 3. Paid cash for supplies, $1,577.00. Transaction 3 August 4. Paid cash for insurance, $1,200.00. Lesson 1-2, page 10

  3. TRANSACTIONS ON ACCOUNT Transaction 4 August 7. Bought supplies on account from Ling Music Supplies, $2,720.00. Transaction 5 August 11. Paid cash on account to Ling Music Supplies, $1,360.00. Lesson 1-2, page 11

  4. TERMS REVIEW transaction account account title account balance capital Lesson 1-2, page 12

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